Tuesday, September 16, 2014

Pratt and Whitney said its contracts with the Pentagon for the next two batches of engines for the F-35 fighter jet will result in combined cost savings of up to 8 percent. The president of Pratt's military engines division told reporters the company had already more than halved the cost of the F135 engine, and the savings from the next two contracts would come on top of that. Pratt and Whitney is a unit of United Technologies. (Source: Reuters, 09/15/14) Gulf Coast note: Eglin Air Force Base, Fla., is an F-35 training center.